Liberty Broadband (NASDAQ:LBRDK) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note released on Friday. The firm issued a sell rating on the stock.

Separately, Rosenblatt Securities upped their price objective on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDK opened at $85.14 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 15.68 and a beta of 1.02. The firm’s 50-day moving average is $83.52 and its 200 day moving average is $66.68.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. During the same period in the prior year, the company posted $1.10 EPS. Research analysts predict that Liberty Broadband will post 6.72 EPS for the current year.

Insider Transactions at Liberty Broadband

In related news, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Liberty Broadband

A number of hedge funds have recently bought and sold shares of LBRDK. Assenagon Asset Management S.A. raised its holdings in Liberty Broadband by 107.5% in the third quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock worth $224,088,000 after purchasing an additional 1,502,249 shares in the last quarter. Whitebox Advisors LLC raised its stake in shares of Liberty Broadband by 29.5% during the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock worth $163,260,000 after acquiring an additional 677,785 shares in the last quarter. Millennium Management LLC lifted its position in Liberty Broadband by 67.4% during the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock valued at $56,584,000 after acquiring an additional 415,619 shares during the last quarter. Barclays PLC boosted its stake in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after acquiring an additional 415,496 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Liberty Broadband by 63.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock worth $72,666,000 after purchasing an additional 366,614 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.